Elon Musk's Robotaxi Push Expands To Phoenix As Tesla Seeks Arizona Approval

Tesla Inc. TSLA will expand the company's Robotaxi service to Phoenix, Arizona, as the Robotaxi race in the U.S. heats up.

What Happened: "Tesla has applied for both autonomous vehicle testing/operating with a driver and testing/operating without a driver," the Arizona Department of Transportation said in response to a query by Tesla influencer Sawyer Merritt on Thursday.

The agency confirmed that Tesla had applied for the certifications on June 26 and said that a decision from the agency should be made by "the end of the month," and said that the company intends to operate in the Phoenix Metro area.

Why It Matters: The news comes in as Elon Musk had said that the company will also be expanding its Robotaxi service in the San Francisco Bay Area pending regulatory approvals.

However, the FSD technology, which forms the basis of the Robotaxi's self-driving capabilities, has been under scrutiny after NHTSA said it was reviewing possible traffic violations by the Robotaxi during the Austin launch event last month.

Elsewhere, Future Fund LLC's managing director, Gary Black, believes ride-hailing giant Uber Technologies Inc. UBER is best positioned to benefit from adopting autonomous driving to its platform.

Tesla offers poor Momentum and Value, while scoring well on the Growth metric and offering satisfactory Quality. For more such insights, sign up for Benzinga Edge Stock Rankings today!

Check out more of Benzinga’s Future Of Mobility coverage by following this link.

Loading...
Loading...

Read Next:

Photo courtesy: Tada Images / Shutterstock.com

TSLA Logo
TSLATesla Inc
$311.500.53%

Stock Score Locked: Edge Members Only

Benzinga Rankings give you vital metrics on any stock – anytime.

Unlock Rankings
Edge Rankings
Momentum
29.40
Growth
90.82
Quality
48.41
Value
10.75
Price Trend
Short
Medium
Long
Market News and Data brought to you by Benzinga APIs

Posted In:
Comments
Loading...